Institutional Comment: Take-aways from 2014 Global Investor Forum
Airbus's Global Investor Forum has started with a bang, but not the festive sort. In attempting to show what the drivers of earnings will be over the next four years, Airbus's CFO showed a chart that very strongly implies that 2016 earnings will be flat on 2015. In effect, this is a 10%+ downgrade on consensus forecasts, hence the share price collapse.Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.
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